It's not just Amazon looking to grow, either. The Fresh stores range from 25,000 square feet to 45,000 square feet, Bloomberg said. Hundreds went dark after the toy chain filed for bankruptcy in September 2017. Bloomberg reported some of the Fresh shops are filling empty Toys R Us locations, for example. A spokesperson didn't immediately respond to CNBC's request for comment on the report.Īmazon, which also owns the high-end Whole Foods grocery chain, sees an opportunity to take over vacant real estate in order to plant itself much closer to customers. The Bloomberg report said the eleventh such store opened earlier this month, and Amazon is working on at least two dozen more. Market cap: $1.531 trillion 12-month stock performance: Up 63%Īmazon is quietly opening more Amazon Fresh grocery stores, according to a recent Bloomberg report.Īmazon Fresh debuted in Los Angeles in September. Here are 10 of the retailers that have store openings planned for this year. Playing catch up has everyone in a hurry up." "Demand for new stores is very robust right now. "Most retailers that survived Covid's early days are now looking to refill their new store opening programs," said Bill Read, executive vice president for Retail Specialists, a brokerage firm based in the Southeast. A glut of vacancies has left landlords more desperate to fill space and sign deals they wouldn't have ever considered pre-pandemic. They will likely pay less in rent and have more flexible lease terms. The real estate market, meantime, presents an opportunity in 2021 for companies looking to grow. could grow anywhere between 6.5% and 8.2% this year, with the economy accelerating at its fastest clip in two decades. The National Retail Federation is forecasting retail sales in the U.S. The rollout of the Covid vaccine keeps ramping up, another round of stimulus checks is landing in many Americans' bank accounts, and companies are by and large predicting a strong rebound of the consumer. Now, though, the country is seemingly turning a corner.
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